For the apple dividend example I think you mean for every $1 invested you get 0.54cents or just over half a cent and not 54cents. Other than that love the video and will look forward to more content
Hey, thanks for pointing out the mistake! I guess I got a little carried away with my decimal points there. I'm glad you enjoyed the video though! I'll make sure to fix that in my next upload. Stay tuned for more awesome content!
Hi brendt I would love to get personalized advice on setting up a sharesies account and investing in index funds. I would gladly pay for you advice. How can I best get in contact with you? Thank you
Heya! I am not a financial advisor which disallows me from offering personalised advice. Setting up a Sharesies account is pretty straight-forward, and the funds are easy to purchase through the app. You can research what stocks are in each fund within the app (in many cases), or you can search for the fund in Google and look for their Product Disclosure Statement. This will give you a lot of information to make an informed decision. All the best!
I’m a beginner and wanted to ask, how do you actually get the returns? As in is there a way to cash out the returns? Sorry this might be a dumb question 😅
Not a dumb question at all!! There’s two ways to get returns from stocks, capital gains and dividends. Capital gains is when the price goes up eg buying a stock at $10 and it goes to $11. You can either keep the stock (paper gain, as you haven’t sold. Think about a family home that’s owned and people say “I’ve made $100k from the house going up in price”), or you can sell the stock in Sharesies and the $1 profit ($11 - $10) becomes your profit available to withdraw to your bank account. The second way to make money is by dividends, where some companies periodically pay shareholders just for owning the stock. You can simply request a withdrawal in the Sharesies app for this too. Hope this helps 😊
Why not invest directly using a broker like ASB securities? If you hold shares in the custody of a 3rd party like Sharesies, they can (and have in the past) increased their fees, + changed Ts and Cs overnight. Then they have you by the balls when you want your money out.
ASB Securities are a full-service broker which also comes with generally higher fees than you'd have through the likes of Sharesies. Yes Sharesies can increase their fees, as could ASB, but I'd argue the greatest factor to weigh up is the fact the shares are owned on your behalf by a nominee. Through ASB you personally have the 'title' to the shares, through Sharesies you simply have a 'right' to the shares owned by the nominee.
I believe Sharsies and Hatch use "wealth drive" regarding buying stock on the NYSE. Wealth Drive has a 1+ or 2+ day settlement rule for buying/selling a stock. Hatch has a good faith violation rule that Sharesies does not have, however are you still penalised by Sharsies if you sell your NVDA stock lets say 20 hours after you buy it with money that you have recently deposited into Sharsies from your savings bank account?
Heya - I don't believe so, at least in my experience! But the fees on Sharesies will kill you, unless you're banking a 4.8% return in a day (1.9% to buy, 1.9% to sell, 0.5% transaction fee into USD, and 0.50% out into NZD)
@@dariavoronovskaia6704 Depends on your circumstances really. For day trading, I don't have much knowledge in that space, but buy-and-hold there are hundreds of options mainly in the US
Hey! In terms of timing, Sharesies will subtract tax from any dividends you receive at the tax rate you give them. In terms of whether you have taxes to pay on your returns, it depends on your personal situation. If you’re a “trader” in the eyes of IRD then you’ll pay tax on capital gains and dividends. If you’re a casual investor or one that buys for the longer term, then generally you’ll just be taxed on your dividends. If you have over NZ$50k invested abroad, you may have FIF taxes to pay. The IRD website or an accountant will be the best to refer to here as it’s so case-by-case. Hope this helps!
Thank you, tried Tiger trade but they dont do fractional shares even tho they say they do! So will give sharsies a shot and did not know if the app was a thing yet
Thank you so much for your kind words! I'm glad you found the video helpful, and I really appreciate your feedback. It's important to me that my content is easy to understand, so I'll definitely try to slow down in future videos!
Dividends are another popular way to make money in stocks. Currency exchange can also play a part, especially with the appreciation of the USD over the past three years
Okay as a beginner seeing this as my first video, you talk way too fast, and I have no idea what on earth you're on about, this is not a beginners guide to Sharsies. I shall keep searching.
I'm a kiwi and had no trouble, good channel and good info. You can also slow the video to 0.75 speed and still understand it plus pause to catch up on what he's showing. Easy.
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i've been using sharesies for years, and this was useful. thanks
Glad it was useful!
For the apple dividend example I think you mean for every $1 invested you get 0.54cents or just over half a cent and not 54cents. Other than that love the video and will look forward to more content
Hey, thanks for pointing out the mistake! I guess I got a little carried away with my decimal points there. I'm glad you enjoyed the video though! I'll make sure to fix that in my next upload. Stay tuned for more awesome content!
Hi brendt I would love to get personalized advice on setting up a sharesies account and investing in index funds. I would gladly pay for you advice. How can I best get in contact with you? Thank you
Heya! I am not a financial advisor which disallows me from offering personalised advice. Setting up a Sharesies account is pretty straight-forward, and the funds are easy to purchase through the app. You can research what stocks are in each fund within the app (in many cases), or you can search for the fund in Google and look for their Product Disclosure Statement. This will give you a lot of information to make an informed decision. All the best!
@@BrentColeman Thank you for your advice. You do great work. Congrats!
Can we use other off-shore brokers?
Heya! Some brokers allow global investors, such as Interactive Brokers, while others don't allow due to regulatory hurdles.
I’m a beginner and wanted to ask, how do you actually get the returns? As in is there a way to cash out the returns? Sorry this might be a dumb question 😅
Not a dumb question at all!! There’s two ways to get returns from stocks, capital gains and dividends. Capital gains is when the price goes up eg buying a stock at $10 and it goes to $11. You can either keep the stock (paper gain, as you haven’t sold. Think about a family home that’s owned and people say “I’ve made $100k from the house going up in price”), or you can sell the stock in Sharesies and the $1 profit ($11 - $10) becomes your profit available to withdraw to your bank account. The second way to make money is by dividends, where some companies periodically pay shareholders just for owning the stock. You can simply request a withdrawal in the Sharesies app for this too. Hope this helps 😊
@@BrentColeman okay thank you that was so helpful!! And your video was informative and easy to understand 😁
Glad it was helpful!! Thanks for the kind words it means a lot!
which one would you recomend for NZ/AUS stocks Kernel or Sharsies??
Why not invest directly using a broker like ASB securities? If you hold shares in the custody of a 3rd party like Sharesies, they can (and have in the past) increased their fees, + changed Ts and Cs overnight. Then they have you by the balls when you want your money out.
Sharesies offer individual shares and ETFs (
ASB Securities are a full-service broker which also comes with generally higher fees than you'd have through the likes of Sharesies. Yes Sharesies can increase their fees, as could ASB, but I'd argue the greatest factor to weigh up is the fact the shares are owned on your behalf by a nominee. Through ASB you personally have the 'title' to the shares, through Sharesies you simply have a 'right' to the shares owned by the nominee.
I believe Sharsies and Hatch use "wealth drive" regarding buying stock on the NYSE. Wealth Drive has a 1+ or 2+ day settlement rule for buying/selling a stock. Hatch has a good faith violation rule that Sharesies does not have, however are you still penalised by Sharsies if you sell your NVDA stock lets say 20 hours after you buy it with money that you have recently deposited into Sharsies from your savings bank account?
Heya - I don't believe so, at least in my experience! But the fees on Sharesies will kill you, unless you're banking a 4.8% return in a day (1.9% to buy, 1.9% to sell, 0.5% transaction fee into USD, and 0.50% out into NZD)
@BrentColeman which platform would you recommend to use with more favorable fees rate?
@@dariavoronovskaia6704 Depends on your circumstances really. For day trading, I don't have much knowledge in that space, but buy-and-hold there are hundreds of options mainly in the US
When do you pay tax on your Sharises earnings?
Hey! In terms of timing, Sharesies will subtract tax from any dividends you receive at the tax rate you give them. In terms of whether you have taxes to pay on your returns, it depends on your personal situation. If you’re a “trader” in the eyes of IRD then you’ll pay tax on capital gains and dividends. If you’re a casual investor or one that buys for the longer term, then generally you’ll just be taxed on your dividends. If you have over NZ$50k invested abroad, you may have FIF taxes to pay. The IRD website or an accountant will be the best to refer to here as it’s so case-by-case. Hope this helps!
What is best to use the app or website for sharsies?
Both are good and easy to use! Comes down to personal preference!
Thank you, tried Tiger trade but they dont do fractional shares even tho they say they do! So will give sharsies a shot and did not know if the app was a thing yet
this video was helpful.
Glad it was helpful!
Very useful, thx you
Thanks for watching!
I dont have a save section?
Sorry what's the save section? It's been a wee while so Sharesies may have moved some things around :)
I’m confused 🥺🥺
Do you make real money in this? Im asking because i live in NZ also
Yes, Sharesies involves true returns and risks as you invest using real money
Thanks
Glad you enjoyed the video!
Hi, Thanks for that , very helpful, I found that ,for me, you are running through info too fast and speaking too fast. It’s a lot to digest. 😅
Thank you so much for your kind words! I'm glad you found the video helpful, and I really appreciate your feedback. It's important to me that my content is easy to understand, so I'll definitely try to slow down in future videos!
@@BrentColeman 🙏 👏Thanks ! Have fabulous day.
App link send me
You can find their app by searching for "Sharesies" on the Google/Apple store within New Zealand and Australia
People have to remember you only make money if you sell your share higher than you bought it.
Dividends are another popular way to make money in stocks. Currency exchange can also play a part, especially with the appreciation of the USD over the past three years
Okay as a beginner seeing this as my first video, you talk way too fast, and I have no idea what on earth you're on about, this is not a beginners guide to Sharsies. I shall keep searching.
Hope it goes well!
He speaks in a typical New Zealand accent. They are well known for speaking quickly.
@@dianestrode2730 Hahahah I am a New Zealander and if I can't understand him then others are going to seriously have trouble.
I'm a kiwi and had no trouble, good channel and good info. You can also slow the video to 0.75 speed and still understand it plus pause to catch up on what he's showing. Easy.